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Agibot secures strategic investment from LG Electronics and Mirae Asset

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Chinese humanoid robot developer Agibot has completed a new round of strategic financing, drawing investment from South Korea’s LG Electronics and Mirae Asset, according to reports by Reuters and Yicai Global.

The investment marks LG’s first move into the “embodied intelligence” sector – an area encompassing humanoid robots and AI systems that interact physically with the real world.

It also represents the first global investment from the Mirae Asset-LG Electronics New Growth Fund, which focuses on emerging technologies. Agibot did not disclose the amount raised or the valuation implied by the funding round. [Read more…] about Agibot secures strategic investment from LG Electronics and Mirae Asset

Exclusive interview: LG’s big bet on smart robotics for the household and beyond

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LG Electronics, formerly Lucky-Goldstar, is one of South Korea’s largest and most globally recognised engineering powerhouses.

A household name for decades, LG has built a reputation through its expansive portfolio of consumer appliances – from televisions and refrigerators to washing machines and air conditioners.

But behind the scenes, LG is also rapidly becoming a serious force in industrial and service robotics, with ambitions that stretch well beyond your kitchen or laundry room. [Read more…] about Exclusive interview: LG’s big bet on smart robotics for the household and beyond

Hillcrest Labs and LG renew licence for handheld motion control technology

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Sensor supplier Hillcrest Labs and LG Electronics have renewed their licence agreement for handheld motion control technology.

LG, one of the world’s leading suppliers of smart TVs, licenses Hillcrest Labs’ point-and-click remote control technology which uses motion control features of LG Magic Remote.

InterDigital, a mobile technology research and development company, and parent company of Hillcrest Labs, says LG Electronics has extended its license to use Hillcrest Labs’ Freespace MotionEngine software in its Smart TVs for an additional three years.  [Read more…] about Hillcrest Labs and LG renew licence for handheld motion control technology

LG Electronics to show off its new exoskeleton or ‘wearable robot’

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Electronics giant LG is planning to showcase its new exoskeleton or, as the company calls it, its “wearable robot” at IFA, a consumer electronics event in Germany. 

The powered suit looks similar to the exoskeleton other companies have been bringing out – namely, Comau, Atoun, Ekso Bionics, Roam Robotics, and Sarcos, among others.

LG says it is focused on becoming a leading developer of service robots in the next decade.  [Read more…] about LG Electronics to show off its new exoskeleton or ‘wearable robot’

LG Electronics to establish AI lab in Canada

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LG Electronics to establish an artificial intelligence research laboratory in partnership with the University of Toronto, in Canada.

The company says the new facility is an expansion of its AI research and development work in North America.

LG already has an AI lab in Silicon Valley, in the US. The company says it is a multimillion-dollar, long-term commitment.  [Read more…] about LG Electronics to establish AI lab in Canada

LG invests $90 million in robotics and calls the technology a ‘key component’ of its growth strategy

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LG, one of the world’s largest electronics companies, is reported to have invested $90 million in robotics companies so far and says robotics is an important part of its strategy going forward. 

According to a report on the International Business Times website, LG’s investments include a $3 million stake in Bossa Nova Robotics, which builds shelf-scanning robots for work in grocery stores.

And as quoted by IBT, a senior executive at LG said the company was investing in robotics both within its business operation as well as outside the company.

Kim Sungwook, LG Electronics vice president, global open innovation division, said: “Robotics, as a key component of our ThinQ AI strategy, is a critical future growth opportunity for LG.  [Read more…] about LG invests $90 million in robotics and calls the technology a ‘key component’ of its growth strategy

LG expands range of robots to explore new commercial possibilities

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Electronics giant LG has expanded its portfolio of robots and says it is exploring a variety of commercial possibilities.

The company says the expansion of its robotics activity is a “key factor of LG’s transofrmation into an artificial intelligence company”.

Following the introduction of the company’s robot lineup a year ago, LG says it is continuing to “push the envelope” with the unveiling of three more work robots at CES 2018.

LG is introducing three new concept robots specifically developed for commercial use at hotels, airports and supermarkets.  [Read more…] about LG expands range of robots to explore new commercial possibilities